Is Artificial Intelligence good or bad?

Elon Musk has said that AI will make work "optional". I heard an economist talking about how all the investment in AI will make industry much more efficient and will be good for the economy. I just see companies like Amazon laying off 40,000 employees. The Teamsters Union at the Port of LA had written inro their current contract to limit the use of AI because they know it will result in massive job losses. I think that the gains in productivity will not be spread to all employees in the form of bonuses and a shorter work week. Instead only a few will greatly benefit from AI and the rest will be unemployed.

AI is good. It will result in a shorter work week and bonuses for everyone.
AI is bad. It will result in massive layoffs s machines take over more and more functions
It will be like Skynet and there will be Terminators that will erase mankind.
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Is Artificial Intelligence good or bad?
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